Principal Financial Group Inc. increased its holdings in SL Green Realty Corporation (NYSE:SLG) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,174,791 shares of the real estate investment trust’s stock after purchasing an additional 73,119 shares during the quarter. Principal Financial Group Inc. owned 2.20% of SL Green Realty Corporation worth $220,350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. American Century Companies Inc. purchased a new position in SL Green Realty Corporation in the 3rd quarter worth $14,564,000. State Board of Administration of Florida Retirement System raised its position in SL Green Realty Corporation by 1.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 156,273 shares of the real estate investment trust’s stock worth $15,834,000 after purchasing an additional 2,110 shares during the period. Dupont Capital Management Corp raised its position in SL Green Realty Corporation by 4.8% in the 3rd quarter. Dupont Capital Management Corp now owns 67,200 shares of the real estate investment trust’s stock worth $6,809,000 after purchasing an additional 3,055 shares during the period. Andra AP fonden raised its position in SL Green Realty Corporation by 27.2% in the 3rd quarter. Andra AP fonden now owns 40,700 shares of the real estate investment trust’s stock worth $4,124,000 after purchasing an additional 8,700 shares during the period. Finally, Artemis Investment Management LLP raised its position in SL Green Realty Corporation by 117.9% in the 3rd quarter. Artemis Investment Management LLP now owns 168,205 shares of the real estate investment trust’s stock worth $17,040,000 after purchasing an additional 91,007 shares during the period.

A number of equities analysts have issued reports on SLG shares. Barclays PLC decreased their price objective on shares of SL Green Realty Corporation from $111.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. BidaskClub cut shares of SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of SL Green Realty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Stifel Nicolaus restated a “hold” rating and issued a $112.00 price objective on shares of SL Green Realty Corporation in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $113.00 price objective on shares of SL Green Realty Corporation in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. SL Green Realty Corporation currently has a consensus rating of “Hold” and a consensus price target of $115.00.

SL Green Realty Corporation (SLG) traded down $0.29 during trading hours on Thursday, reaching $96.76. 11,821 shares of the company traded hands, compared to its average volume of 1,020,803. SL Green Realty Corporation has a 1-year low of $93.92 and a 1-year high of $115.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $9,501.41, a price-to-earnings ratio of 15.38, a P/E/G ratio of 3.30 and a beta of 1.16.

SL Green Realty Corporation (NYSE:SLG) last posted its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $1.57 by ($1.17). SL Green Realty Corporation had a return on equity of 1.51% and a net margin of 7.70%. The business had revenue of $319.50 million for the quarter, compared to the consensus estimate of $326.70 million. During the same period in the previous year, the firm earned $1.63 EPS. The company’s revenue was down 4.5% on a year-over-year basis. analysts anticipate that SL Green Realty Corporation will post 6.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 3.20%. The ex-dividend date was Friday, September 29th. SL Green Realty Corporation’s payout ratio is currently 300.97%.

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SL Green Realty Corporation Profile

SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.

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Institutional Ownership by Quarter for SL Green Realty Corporation (NYSE:SLG)

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